Overview of Virtual Cards

Virtual cards are automatically generated 16-digit card numbers that can be generated instantly. By using a Privacy Card for online transactions, you can keep your financial information issue virtual card safe from prying eyes.Virtual cards allow you to minimize the amount of personally identifiable information (PII) you share with places you buy at. Historically, virtual cards provided by banks have been difficult and clunky to transact with; however, new providers have made virtual cards simple and easy to use. We believe virtual credit cards and virtual debit cards are now valuable tools in protecting your privacy and security without compromising convenience.

A virtual card, sometimes called a temporary card number or anonymous card number, is a credit or debit card number that can be created through a website or mobile app, and does not come with a physical card. Virtual cards can be utilized for most online purchases to mask your personal and financial information. Oftentimes, you can set a maximum spend or charge limit on the virtual card to prevent yourself from being overcharged. Some virtual cards will also lock to a merchant to prevent the card from being used elsewhere if the merchant is breached.

Some virtual card providers charge fees for every card you create or a monthly fee to use their service. Other virtual card providers may also charge fees for each purchase made with the cards. In contrast, Privacy’s Personal plan is completely free to use on all domestic* purchases. We make money off of interchange – the fee that the merchant pays for accepting a debit or credit card – and we will never sell your personal data.